I have been using Coindex for a long time now and am constantly impressed by the time and care Josh and Cellaflora put into the project. There is an emphasis on perfection and testing the app's features before release and this has amounted to a polished and irreplaceable part of my iPhone. Coindex will always have a space on my dock and can't wait to see what they add next :)
The truth is that bitcoin is the hottest trading market right now, hotter than stock trading, oil trading, gold trading and any other market at this point. The reason people believe this is going to continue to be a hot market is because blockchain technology which is what allows transactions to happen without a central exchange. Here is another strategy on how to draw trend lines with fractals.
BTC remains the undisputed lynchpin of the whole crypto industry as its market cap comprises a staggering 43 percent of the whole digital currency market. Regulators around the globe have put BTC under increased scrutiny as official from the majority of nations are trying to devise strategies on how to regulate bitcoin along with other cryptocurrencies. Even though bitcoin has endured a rough 2018 so far, having plummeted over 60 percent since its December heights, it remains the most feasible option for crypto investors, according to Mr. Smith.
At that point, you can begin trading. You can submit market or limit orders. The orders will be filled as soon as your buy/sell order can be matched to a corresponding one. Most exchanges only offer this limited structure for placing orders. However, a growing number of exchanges now allow more complex orders, including the option to go long/short on a stock and to employ leverage.
Now I have my strategy that I stick to without letting my emotions interfere. I have a set of coins that I like trading so I only look at those charts. I have patterns and indicators that I look for on those charts so I can quickly flip through them. Within minutes I can set my orders, set alerts on my desired entry and exit prices, and walk away from the computer.
Ethereum'is on the trouble! Almost all the altcoins trades above the major counter-trendline but Ethereum'is not on the list anymore. It has a break downwards from the trendline and from the strong area which is not the good sign but we can find something positive also, currently, it has an opportunity to make a new higher low on the market structure and it shows ...
An unbreakable rule in trading says that you should never involve your emotions in trading. This is a basic rule for anyone who trades over any term, but especially for the ones who trade for the short term. Imagine buying Bitcoin according to the DCA strategy: Let’s say the Bitcoin price had crashed by 40% in three days. Now what? Obviously it is the time to buy a second portion of the coin (according to DCA) and average the initial trading entry price. But instead, almost everyone I know got “cold feet” exactly at the “terrifying” moment of decrease and had not completed the purchase of the second share. Why does it happen to us? One word – emotion. Emotions, in this case – fear of loss, affects us and completely disturbs our plan of action. If you are one of those (yes, the majority) who won’t buy the second share in the example above – you should consider your future as a trader, a crypto trader in particular. Getting over your emotions is also important after an unsuccessful trade or after you have sold a coin which is sky rocketing just after you sold it (FOMO). To sum up, don’t regret profit you’ve missed and don’t feel guilty about lost trades. Set yourselves a plan of action together with a set of goals, and act accordingly – as if you were a pre-programmed computer. Human beings are not rational creatures.
Recommendations and Information found on Cryptopotato are those of writers quoted. It does not represent the opinions of Cryptopotato on whether to buy, sell or hold any investments. Investors should be cautious about any recommendations given. All investors are advised to conduct their own independent research into individual coins before making a purchase decision. Use information at your own risk.
The day I first heard about Bitcoin on Reddit, a friend had also called me to tell me about it. We spent most of our friendship talking about Ayn Rand and programming, so when we heard about a currency that was software and couldn’t be controlled by governments we were very interested. I purchased $600 worth of BTC and my friend and I planned on buying a mining rig.
Bitsane offers a minimalistic, user-friendly interface for maximum usability. Our platform provides super-fast execution of trade transactions for major currency pairs, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Iconomi, Ripple to traditional currencies USD and EUR. The number of trading instruments is constantly expanding. In addition to the aforementioned crypto currencies, deposits and withdrawals are available via SWIFT (in dollars) and SEPA (in Euros), OKPay and AdvCash payment systems.
For people who don't pay attention to development trends - one observation of high significance is Go popping up in the popularity list associated with Ethereum. Why is Go in particular an important sign? It's almost as fast and less clumsy compared to C++ and C Sharp. At the same time, it's relatively new. People who know Go are experienced and choosing to learn it because it is better. In my opinion, it will be the default backend language for most Silicon Valley tech companies in the next 5 years. Those same people are choosing to play around with Ethereum using Go.
This is probably the most important factor to look at when deciding whether a cryptocurrency will survive into the future or not. Some cryptocurrencies, apart from acting as coins and trading assets, also provide platforms, serve as the fastest means to move money across the globe, try to solve a certain problem in society or in the cryptocurrency ecosystem, and do a lot more.
I am new to crypto currency trading – having been a bonefish, permit and tarpon guide in the Caribbean- I am truly outside my knowledge base.. I figured out how to set up an account on Coinbase, buy on Binance and make some money. What I can’t figure out is how to get my money out of Binance. Example how do I get Tron into Bitcoin and over to Coinbase. It keeps asking me for a Tron wallet. And how can I move my coins off the exchange into an account I control and not have to sell them / convert them to get them off or out of Binance?
Before that, first understand the overall skeleton of Crypto Trading and have a clear understanding of Cryptocurrency and Bitcoin. Hopefully that will help you to mark out the good’s & bad’s in Crypto market. Being one of the fast renowned blockchain expertise company in India. Our Blockchain experts frequently deliver their knowledge on Blockchain & Cryptocurrency and if you’re one with aim to kick start it then here are best explanatory blogs for you!
Good traders acknowledge their mistakes, and more importantly – analyze and learn from them, thus improving their skills for understanding the market. So which kind of trader are you? Did you find yourself somewhere in the article? We would love to hear on the comments section below, and you are welcome to share this article with whoever you see as relevant.
You should have a general understanding of what a cryptocurrency is because knowing the functional use of a coin can give you an edge when deciding your investments. There are hundreds of coins ranging from major players like Bitcoin (BTC) and Ethereum (ETH), to smaller coins that we refer to as “altcoins.” Each coin is unique and offers their own flunctional use cases. If you’re feeling unclear about what a cryptocurrency is, check out some of the resources below. They give great explanations of Bitcoin and Ethereum, and blockchain, the underlying technology of which cryptocurrencies are built upon.
Notice the small bull run. Now imagine we had decided to buy Ethereum somewhere around that dotted line and just before 8pm. We saw it tick up after a string of bearish candles, and for whatever reason, thought it might continue it’s way upward. To minimize our losses (remember our goal is minimize losses and maximize gains), we set a stop order right away. We’ll set it near the bottom of those last couple bearish candles (about $474). Now as we watched the price work it’s way up, we would continue to raise our stop price. To do this, we would go to our open orders (every exchange will show this), and click cancel on the stop limit that we had just set. Shortly after 8pm, we might’ve had a stop at $480 that would’ve been triggered. If you’re stop limit is triggered and the signs point to the trend continuing you’re able to buy back in with a profit already in your pocket.
You cannot “buy the dips” if you have all your money to invest already invested. LET US STRESS THIS POINT! The point should be obvious, but it bears repeating over and over. It is tempting to go all-in, but that limits your options. Consider always having some funds to the side to buy an unforeseen downturn. Even if you want to “go all-in” on crypto… leave yourself at least a little money to the side just in case. If you are all-in and the price takes a hard downturn, it takes lots of options off the table. It is hard not to go all-in when a coin goes down 60% – 80% over the course of weeks or months, but sometimes they go down even more than that, and it is wise to always prepare for the worst case.
Mean reversion is where the investor assumes that the price of a coin will remain at an average price level over time. Upward trends, and downwards trends, are expected to revert back to the average over the long haul. This means you need to know the charts well and be able to figure out what the average price for the cryptocurrency you intend to trade in. When the coins are less than the estimated average that is when one wants to make a few purchases. When the price is higher than the average it is expected to drop back down to the mean price and that would be the time to sell. Of course, figuring out just when to sell is the trick, and that is where the gamble comes in.
Understand blockchain – You don’t need to understand the technical complexities, but a basic understanding will help you respond to news and announcements that may help you predict future price movements. It is essentially a continuously growing list of secure records (blocks). Cryptography secures the interactions and then stores them publicly. They serve as a public ledger, cutting out intermediaries such as banks.